| 1. |
The Indian Contract Act came into force on: |
| A. | 15th September, 1872 |
| B. | 1st September, 1872 |
| C. | 1st October, 1872 |
| D. | 15th October, 1872. |
| Answer» B. 1st September, 1872 | |
| 2. |
The Indian Contract Act, applies to the: |
| A. | Whole of India excluding Jammu & Kashmir |
| B. | Whole of India including Jammu & Kashmir |
| C. | States notified by the Central Government from time to time |
| D. | None of the above. |
| Answer» B. Whole of India including Jammu & Kashmir | |
| 3. |
An agreement consists of reciprocal promises between at least |
| A. | four parties. |
| B. | six parties. |
| C. | three parties. |
| D. | two parties. |
| Answer» D. two parties. | |
| 4. |
Every promise and every set of promise forming the consideration for each other is a/an |
| A. | contract. |
| B. | agreement. |
| C. | offer. |
| D. | acceptance. |
| Answer» C. offer. | |
| 5. |
Contract is defined as an agreement enforceable by law, vide Section … of the Indian Contract Act. |
| A. | Section 2(e) |
| B. | Section 2(f) |
| C. | Section 2(h) |
| D. | Section 2(i) |
| Answer» C. Section 2(h) | |
| 6. |
Valid contracts |
| A. | are made by free consent. |
| B. | are made by competent parties. |
| C. | have lawful consideration and lawful object. |
| D. | all of the above. |
| Answer» D. all of the above. | |
| 7. |
A contract creates |
| A. | rights and obligations of the parties to it. |
| B. | obligations of the parties to it. |
| C. | mutual understanding between the parties to it. |
| D. | mutual lawful rights and obligations of the parties to it. |
| Answer» B. obligations of the parties to it. | |
| 8. |
In agreements of a purely domestic nature, the intention of the parties to create legal relationship is |
| A. | to be proved to the satisfaction of the court. |
| B. | presumed to exist. |
| C. | required to the extent of consideration. |
| D. | not relevant at all. |
| Answer» A. to be proved to the satisfaction of the court. | |
| 9. |
………………. is forbidden by law. |
| A. | Valid contract |
| B. | Illegal agreement |
| C. | Voidable contract |
| D. | Unenforceable contract |
| Answer» B. Illegal agreement | |
| 10. |
A makes a contract with B to beat his business competitor. This is an example of |
| A. | valid contract. |
| B. | illegal agreement. |
| C. | voidable contract. |
| D. | unenforceable contract. |
| Answer» B. illegal agreement. | |
| 11. |
Which of the following legal statement is incorrect? |
| A. | An agreement enforceable by law is a contract [Section 2] |
| B. | All agreements are contracts [Section 10] |
| C. | A proposal when accepted becomes a promise [Section 2] |
| D. | Every promise and every set of promise forming the consideration for each other is an agreement [Section 2(e)] |
| Answer» B. All agreements are contracts [Section 10] | |
| 12. |
……………… is made by words written. |
| A. | Express contract |
| B. | Implied contract |
| C. | Tacit contract |
| D. | Unlawful contract |
| Answer» A. Express contract | |
| 13. |
Agreement the meaning of which is uncertain is |
| A. | Void |
| B. | Valid |
| C. | Voidable |
| D. | Illegal |
| Answer» A. Void | |
| 14. |
Which of the following relationship raise presumption of positive influence? |
| A. | Parent and Child |
| B. | Religious/ Spiritual Guru and disciple |
| C. | Guardian and Ward |
| D. | All of the above |
| Answer» D. All of the above | |
| 15. |
Which of the following is false with respect to minor entering a contract? |
| A. | An agreement with or by a minor is void ab initio |
| B. | A minor can be a beneficiary of a contract |
| C. | The contracts involving a minor as a beneficiary may be enforced at the option of the third party |
| D. | A minor cannot ratify a contract on attaining majority |
| Answer» C. The contracts involving a minor as a beneficiary may be enforced at the option of the third party | |
| 16. |
Drawing cash from ATM, sale by fall of hammer at an auction sale, etc., are example of |
| A. | express contract. |
| B. | implied contract. |
| C. | tacit contract. |
| D. | unlawful contract. |
| Answer» B. implied contract. | |
| 17. |
…………….. is a one-sided contract in which only one party has to perform his promise or obligation. |
| A. | Void contract |
| B. | Illegal agreement |
| C. | Unilateral contract |
| D. | Bilateral contract |
| Answer» C. Unilateral contract | |
| 18. |
All Contract is a/an …………….. |
| A. | Offer |
| B. | Agreement |
| C. | Acceptance |
| D. | Tr |
| Answer» A. Offer | |
| 19. |
A/an …………… is every Promise and every set of promises, forming consideration for each other |
| A. | Offer |
| B. | Agreement |
| C. | Acceptance |
| D. | Tr |
| Answer» A. Offer | |
| 20. |
Every agreement and promise enforceable by law is ……………. |
| A. | Offer |
| B. | Contract |
| C. | Acceptance |
| D. | Consideration |
| Answer» B. Contract | |
| 21. |
“A Contract is an agreement creating and defining obligations between the parties” the definition was put forwarded by |
| A. | Dr. Ambedkar |
| B. | Pollock |
| C. | Salmonds |
| D. | N.D.Kapoor |
| Answer» C. Salmonds | |
| 22. |
The Law of Contract is nothing but ............... |
| A. | A Child of Commercial dealing |
| B. | A Child of Religion |
| C. | A Child of day to day Politics |
| D. | A Child of Economics. |
| Answer» A. A Child of Commercial dealing | |
| 23. |
To form a valid contract, there should be atleast ............. |
| A. | Two parties |
| B. | Three parties |
| C. | Four parties |
| D. | Five parties. |
| Answer» A. Two parties | |
| 24. |
Contractual rights and duties are created by ............... |
| A. | State |
| B. | Statute |
| C. | Parties |
| D. | Custom or Usage. |
| Answer» C. Parties | |
| 25. |
Agreement is defined by the section ............... of the Indian Contract Act, 1872. |
| A. | Section 2(c) |
| B. | Section 2(e) |
| C. | Section 2(g) |
| D. | Section 2(i) |
| Answer» B. Section 2(e) | |
We're developing a website for study materials for students.
We would love to hear your answers to some of the questions.
